💰 Family finances · #11

Why is debt considered a grave danger to a household?

Because its effect is not only financial.
Aishah r.a. related that the Prophet ﷺ would pray in his prayer for refuge from all sin and from debt. When asked why he so often sought refuge from debt, he answered: when a man is in debt, he speaks and lies, and he promises and breaks his promise. That is the damage — it corrodes honesty within the home. In another supplication he sought refuge from anxiety, grief, incapacity, laziness, miserliness, cowardice, the burden of debt and being overpowered by others. See The finances of two households.

Sources

Sahih al-Bukhari 2397Sahih al-Bukhari 6363

← PreviousWhat guidance does the Qur'an give on household spending?Next →Should debts between family members be written down?

Related questions

We have a joint home or car loan. What happens to the debt after divorce?Divorce does not end the contract with the bank: both borrowers remain liable to the bank until the loan is settled…What guidance does the Qur'an give on household spending?Three verses set the same two boundaries. Al-Furqan 25:67 praises those who, when they spend, are neither extrava…Is it better to give charity to outsiders or to one's own family?The hadith sets the order. The Prophet ﷺ said: the best charity is that given by one who has the means, and begin wi…A house bought jointly, with the wife also paying the instalments: whose house is it?Ownership depends on the name on the title and the agreement between husband and wife, and the wife's contribution can be claimed as…How do we draw up a household budget following Islamic guidance?The texts give no template, but they do give an order of priorities that can serve as a framework. Begin with your own dep…Should debts between family members be written down?Al-Baqarah 2:282 directs it at length, with no exception for family. The verse commands that when you con…

This answer is general reference, not a fatwa. For your situation, consult the religious affairs office, a Syarie lawyer or your state Syariah Court.

Comments or feedback

Read only by the MYPolygyny administrator — never published.

About Us · Ask · Site Map · Privacy · Editorial policy · Disclaimer